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O’Melveny’s Patel Quoted in American Banker on Proposed FDIC ChangesJuly 10, 2015
American Banker’s July 9, 2015, article, “FDIC Premium Plan Deals a Bad Hand to Some Banks,” quotes O’Melveny counsel Bimal Patel about the Federal Deposit Insurance Corporation's proposed changes to assessing premiums on banks with less than US$10 billion in assets. “What the FDIC is doing is trying to better allocate risk,” Patel said.
Patel is Head of the Firm’s Financial Advisory and Regulation Practice, a member of the Financial Services Practice Group, and is resident in the Washington, DC and New York offices.